My current networth is nil or taking some INR into account around $15k.
I have no assets and no stocks.
What should my target net-worth be, and where should I invest my money going forward.
Located in the USA for now.
TC : 150k
Edit : Came from India, had a bad TC there. Savings went into some expenses.
Is it too late?
#personalfinance #investments
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this clearly is an outliner. Yes, blind is filled with people like you and college grads making millions and cracking fang interviews making 500k+ TC.
In avg case, this is just not true(making 2M in 8 years). This needs tremendous luck, talent etc. I have been in US for 10 years and my NW is ~1M.
That said @warrior448 you are not late. Keep pushing and you will reach a good NW soon.
These kind of “how much should I have saved by X” questions are hard to answer because it is super dependent on your life style and your goals.
In general, outside of tech, I recommend people have 1 year’s salary saved by 30 and 2 by 35 which means given your TC you ideally would have ~225k saved.
The reason I say outside of tech is we generally have higher TCs and start out higher than nearly all other profession so ideally we would have more in savings.
For where to start I’d recommend tax advantaged accounts like a 401k if you plan on being in the US long term